Palermo Convention

FATF acknowledges Iran’s progress, gives its until October to approve other bills

The global standard-setting body has decided to extend Tehran’s time to approve and implement financial regulatory laws before it enters to audit the country.

Financial Markets

High-level European delegation to visit Iran to hammer out INSTEX

INSTEX, whose creation was announced on the last day of January, can function when there is a similar company in Iran that will be supervised by the Central Bank of Iran. Now, a high-level European delegation is set to travel to Iran to hold talks on details.

Trade

Iran to unveil company similar to INSTEX ‘soon’: CBI

INSTEX was created by Germany, France and the UK on the last day of January after months of deliberation by European countries. Its a financial mechanism meant to provide a legal and transparent channel in which Europe engages in trade of non-sanctioned goods with Iran following US sanctions.

Trade

FATF extends Iran’s window, CBI welcomes move

Iran has been under pressure and scrutiny by the Financial Action Task Force (FATF) to pass the measures in a bid to allow the ease and smoother financial transactions with the world.

Trade

Featured

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has appreciated the significant growth of Iranian private sector producers.

Supreme Leader hails growth of Iranian private sector

A senior official with the Ministry of Industry, Mine and Trade (MIMT) says private sector production accounts for some 23% of Iran’s total auto output.

Private sector responsible for 23% of Iran’s auto output

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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